Telstra: Time to Buy This Beaten Down Blue Chip?

Aussie telco faces earnings squeeze but a 7% yield should support shares trading at four-year lows.

By

Daniel Shane

March 19, 2017 11:58 p.m. ET

Investors have hung up on Telstra, with shares in Australia’s dominant telco trading near a four-year low after tumbling 10% in the last month. But with a juicy yield and trading on a historically cheap valuation, it may be time for patient investors to start accumulating this beaten down blue chip.